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20121120
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Search Results 0 to 5 of about 6
CNBC
Nov 15, 2012 7:00pm EST
the pentagon's budget. coburn said he found spending by the pentagon and other departments of funding studies of babies interacting with robots, the air force spending money on studying the color of dinosaur feathers and darpa spends $6 million on a study of storytelling techniques and the brain. coburn said he or she identified about $67.9 billion worth of spending that he thinks over ten years can be easily cut out of the pentagon budget. and i want to leave you with one of the other items that he found here. this was kind of a whopper to a lot of us here in the office. he found that the pentagon had financed a seminar discussion and the topic of that discussion was, did jesus die for the cling-ones, too? and it was a discussion of whether or not -- what the implications are for christianity if extraterrestrial life is discovered? those are your taxpayer dollars at work. >> eamon jarvis, thank you very much. >>> sure, obama care may guarantee you health insurance. but what good is it if you can't get any health care? a new study warns that obama care will drive doctor pay so
CNBC
Nov 15, 2012 1:00pm EST
everything. he says the pentagon's wasting a lot of money and he's found examples in the pentagon spending money on things like a study for a question of did jesus die for cling-ones, too. they've sponsored a discussion series in which they talk about the implications for christianity of the discovery of extraterrestrial life. they also financed studies of a new type of beef jerky that's flat, kind of like a fruit roll-up instead of round like a slim jim. all sorts of other details in this report. but in all seriousness, what coburn has done here is sort of laid out the pentagon's overhead budget just the overhead next to the gdp of several major nations. take a look at where the pentagon's overhead ranks. if you ranked it pass a country, it is just below portugal there and just above the country of israel if you look at dod overhead as a separate country. then coburn has some recommendations here for key areas to make savings, including canceling non-military research and development like that cling-on conference. phasing out dod schools that they run and tuition assistance progr
CNBC
Nov 15, 2012 3:00pm EST
. he's taking aim at wasteful pentagon spending. he says the department of defense has become the department of everything. take a look at some of the programs he found the pentagon had paid for in recent years including a symposium in which they discussed the topic "did jesus die for klingons too" on the implications for christi christianity if exterstrials were discovered. they also a studied slang on twitter. dod overhead is larger than the gdp of israel and the uae. he recommends $67.9 billion in savings in ten years are cut out of the pentagon budget by going afr some of the things he lists here. so a lot of wasteful spending here being highlighted over at the pentagon by a republican which is interesting. >> all right. eamon, thanks very much. maria. >> thank you so much. as you just heard, billions of dollars being wasted just in the defense department alone. yet, it is the tax revenue side of the fiscal fight that's getting all the attention, bill. >> it's always a time to put spending cuts front and center in this debate. let's ask someone who's spent a lot of time at neg
CNBC
Nov 15, 2012 9:00am EST
has a report out what's called waistful pentagon spending. he said the department of defense has become the department of everything. he's particularly interested in darpa research spending. take a look at what he found. he focuses on a couple of particular studies including a study on cling ones. darpa paid $100,000 to sponsor a discussion series. one topic was implications for christianity if extra terrestrials are discovered. another one that co burn found was pentagon spending on better beef jerky. the foreign comparative testing program spent $1.5 million developing jerky that features flavors including salami, chipotle and turkey. this beef jerky is shaped like a fruit rollup. they also studied the politics of goldfish. darpa paid $5.2 million for a study that included goldfish. the study analyzed group behavior in goldfish and it suggested implications for human political behavior based on the way the goldfish were swimming. sarl, senator coburn said you can take $67.9 billion a year out of the pentagon budget very easily by going after a raft of programs like this. >> eam
CNBC
Nov 13, 2012 6:00am EST
petraeus scandal which is affecting the pentagon and the military so everybody's got sort of one eyeball on the fiscal cliff and one eyeball on this epic scandal that's breaking out over at the pentagon. >> did "the washington post" steal this "in the line of booty"? >> i didn't see that in "the post" this morning, that seems like a "daily news" classic. >> it has elmo, but "sister act." it's a whole separate issue. >> the question with this sex scandal that's going on right now is who is this woman jill kelley. she had some weird relationship with general petraeus, whether it was physical or not. she had a twin, she was the tampa socialite apparently threatening to paula broadwell who was petraeus' mistress. >> identical twin? >> apparently yes. if you see pictures of them side by side they appear to be identical twins. >> that's a whole new level if you got twins involved you got to admit that andrew, right? >> this scandal has every possible element. >> twins, the whole, you know what i'm saying. >> yes, that is true. but one other piece of this. what is going on, now there's
CNBC
Nov 12, 2012 2:00pm EST
pentagon spending, you'd really make a dent in the deficit but you don't do it without serious revenue and just raising taxes on the rich is not going to get you very far. >> it is interesting, too, dan. i hate taxes. my property taxes have gone up. even as the value of my house has gone down. sales tax has gone up. no politics seems to know or have the guts to say. since 1980 the median federal income tax rate has dropped by over 50%. we paid 10.5% in 1980 and now with deductions we're the 4.5%. the middle class is not being taxed to death with federal income taxes. they may be getting whacked with other stuff but you'll agree it is not federal intomorrcome tax. most families that earn $100,000 and have four children pay zilch. >> i don't think the answer is to sort of drag them into the swamp with the upper income people who are getting punished. here's one other thing for your viewers. every budget deal that we've had since 1980 where we had grand bargains with taxes on the table, the deficit went up, congress spent money. only budget deal that produced a budget surplus was the one
Search Results 0 to 5 of about 6